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Technology Stocks : Intel: Short Term Stock and Option Trading/Strategies
INTC 41.34-0.4%3:59 PM EDT

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To: PWal who wrote (182)3/28/1997 11:22:00 AM
From: TUAN N. TRAN   of 220
 
Well PWal, on Thursday I was fortunate to unload all my INTC option (145, 150 & 160). See I bought 1/2 of them about 1 1/2 mon. ago at premium then last week at bought at near bottom basement price to average down. So yesterday I unload them all; good for me but not good for you. The danger is your time premium is going away fast... a 1 1/2 ago apr 150 price will jump 1 dollar for every maybe $4 move while it INTC price less than 150. But now as you see it will take maybe $5 or $6 to move up 1 in the option price. All I can say is nobody know what monday will bring but be very carefull on Wed. April 2, AMD will make offical anouncement of K6 release and anounce the offical price for them, I feel very strongly that Intel price will drop a little (most people feel that AMD will not dominate the market but sure force the intel to reponse to the challenge) this does not help you at all does it......good hunting....

PS: I would take some chance and buy some put at 145 or 140 before april 2 and dump them at the end of the day. mho
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